Compagnie Financière Richemont SA: Significant movement in operating profit and profit for the period for the six months ended 30 September 2017 Dienstag, 17. Oktober 2017 - 07:30
COMPANY ANNOUNCEMENT FOR IMMEDIATE RELEASE
17 OCTOBER 2017
Significant movement in operating profit and profit for the period for the six months ended 30 September 2017
SIX Swiss Exchange requires that issuers make an announcement without delay where the foreseeable profit or loss for a given period is expected to deviate significantly from the profit or loss achieved in the prior year period. Both significant increases and decreases in the anticipated, unaudited profit or loss require the publication of an ad hoc notice to the market. In accordance with these requirements, Richemont makes the following announcement:
Trading for the six months ended 30 September 2017 showed sales rising 10% on a reported basis and 12% on a constant currency basis compared to the prior year period. On this basis, Richemont’s operating profit for the six months ended 30 September 2017 is likely to show an increase of approximately 45% against the comparative period. The corresponding profit for the period is expected to increase by approximately 80%. These increases predominantly reflect the non-recurrence of the exceptional inventory buy-backs in the prior year period, improved trading performance and the positive net impact of movements in period-end exchange rates.
Disclaimer
The foregoing financial information is unaudited.
Corporate calendar
The Group’s results for the six months to 30 September 2017 will be announced on 10 November 2017.
Investor and media contacts
Sophie Cagnard
Group Corporate Communications Director
James Fraser
IR Executive
Investor relations | Tel: +41 (0) 22 721 30 03 | E-mail: | |
Press enquiries | Tel: +41 (0) 22 721 35 07 | E-mail: | |
